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Fly News Breaks for January 4, 2019
FLXN
Jan 4, 2019 | 09:14 EDT
BMO Capital analyst Gary Nachman lowered his price target on Flexion to $34 after the company's FY19 outlook for Zilretta sales disclosed yesterday. The analyst states that the management has deliberately set an "appropriately conservative" target, adding that Zilretta momentum should accelerate "with the J-code in place effective January 1st". Nachman also believes that the set-up on the stock has "improved meaningfully".
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